Straits Times Index Daily (20.07.2014) Technical Analysis.

The STIindex has made a long development from January 2014 above the KUMO cloud. Now the Index is above the KUMO above the Tenkan Sen (light green) and Kijun Sen(blue line) too (just like last weeks' diagram). The weekly and monthly diagram are bullish .

So the first think in mind is the uptrend continuance. MACD and RSI has forced bullish )

We have no special candlestick pattern. The index is above the KUMO and above the Tenkan Sen & Kijun Sen.

There is no special pattern. The fib from 2953.29 to 3135.60 (projection) shows now a support at 1.618 of fib (3247.67) and a long term target at 2.618 of fib at 3430.